March 18, 2011 1:47 PM

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SC asks Centre to consider setting up a Special Investigation Team

The Supreme Court today asked the Centre to consider setting up a Special Investigation Team, SIT, to probe the black money stashed by Indians abroad. A bench headed by Justice B Sudershan Reddy said, the issue is not related to one case but is much wider. It asked the Centre to respond on the next date of hearing on March 28 about its stand and the possible composition of the SIT. The court was hearing a petition filed by eminent criminal lawyer Ram Jethmalani. The petitioner sought direction to the government to take steps in bringing back black money stashed by Indian nationals in foreign banks, which is said to be to the tune of 1 trillion US dollars.

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